OASBO 2017 AW Finance Track

OASBO's Annual Workshop for school business officials; includes seven educational tracks including a CPIM track and a Finance track. These submissions are for the Finance track.

Host Organization: Ohio Association of School Business Officials (OASBO); Nadeen Askew, Events Manager; (614) 431-9116; [email protected]
Event Date: 4/26/2017 - 4/28/2017
# of Hours Available: 4
Location: Hyatt Regency Columbus
350 N High Street
Columbus, OH 43215
Onsite Contact: Nadeen Askew
Events Manager
Ohio Association of School Business Officials
6144319116
[email protected]

Conference Website
http://oasboannualworkshop.org/Home

Required Materials
Course Description Quick Guide

Other Event Materials
MyCPIM Worksheet

Wednesday 4/26/2017

11:20 AM - 12:20 PM

Course Name	Speaker(s)	Hours Available
Investing In a Rising Interest Rate Environment	Ted Sumnar, Senior VP and Managing Director, Institutional Investments, Huntington Capital Markets	1	View

2:00 PM - 3:00 PM

Course Name	Speaker(s)	Hours Available
Best Practices in School Budgeting	Scott Gooding, Treasurer/CFO, Gahanna-Jefferson Public Schools, Ryan Stechschulte, Treasurer/ CFO, Toledo City School District, Jenni Logan, Treasurer/CFO, Lakota Local SD	1	View

3:15 PM - 4:15 PM

Course Name	Speaker(s)	Hours Available
Presenting Complex Financial Information & Creating Understanding	Katie Henes, Treasurer, north olmsted city schools, Ernie Strawser, Consultant, Public Finance Resources, Inc.	1	View

Thursday 4/27/2017

10:15 AM - 11:15 AM

Course Name	Speaker(s)	Hours Available
Municipal Bond Market - Regulatory Update and Best Practices	Michael G. Sudsina, Managing Partner, Sudsina & Associates, LLC, Steve Szanto, Managing Director, Sudsina & Associates. LLC, Greg Van Wagnen, Senior Advisor, Sudsina & Associates, LLC	1	View

Course Details: Investing In a Rising Interest Rate Environment

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Investments

After waiting nearly 10 years for short term rates to go higher, Ohio public investors now find themselves in a rising interest rate environment. Higher interest rates can mean thousands if not hundreds of thousands in extra investment income for some school districts. The presentation will discuss different methods of investing that will take advantage of higher future short term interest rates. The presentation will also discuss typical investment philosophies such as laddering and the barbell method of investing. Finally, the presentation will discuss the pitfalls of trying to time the market and risks of selling investments securities prior to maturity.

At the conclusion of this session, Treasurers will be able to identify different methods of investing during rising and declining interest rate cycles. Treasurers should also learn how these market cycles affect their ability to earn interest income on their investments.

Being a good steward of taxpayer dollars is central to a Treasurer’s role. Effectively investing idle cash in the best yielding options allowable under the Ohio Revised Code is something that can make a huge difference to the school district and I believe warrants CPIM accreditation.

Course Material

N/A

Ted Sumnar, Senior VP and Managing Director, Institutional Investments, Huntington Capital Markets

[email protected]
525 Vine Street
21st Floor
Cincinnati, OH 45202
Phone: (513) 672-1344

Ted has over 18 year experience working with government investors. Ted joined Huntington Capital Markets in December of 2013 as Senior Vice President and Managing Director of Institutional Investments for Ohio, West Virginia and Indiana markets. Prior to joining Huntington, Ted spent fourteen years with Fifth Third’s Institutional Investments Group. Ted specializes in fixed income investments for national and local institutions, including money managers, mutual funds, hedge funds, financial institutions, insurance companies, governments, schools, corporations and not-for-profit entities.

Ted has been certified as a speaker for the Center for Public Investment Management and is a volunteer in the local American Heart Association, Starfire Council and United Way. Ted received a B.S. in Business from Miami University (1992) and a J.D. from Loyola University at Chicago (1996). Ted also graduated from Culver Military Academy’s summer program (1986). Ted is Series 7 and 63 licensed and retired status as an attorney.

Course Details: Best Practices in School Budgeting

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Cash Management

The Government Finance Officers Association (GFOA) has developed a set of Best Practices focused on budgeting to better align resources with student achievement. These Best Practices align with the work of Smarter School Spending for Student Success. GFOA has worked with practitioners, researchers, and other education finance experts to identify Best Practices in school and community college budgeting. These Best Practices aim to leverage the budget process to align resources to student outcomes. In addition, the GFOA is recruiting school districts to participate in its early adopter group, the Alliance for Excellence in School Budgeting. Members of the Alliance will benefit from interactions with approximately 30 other districts and hands on training in the implementation of the Best Practices. The Smarter School Spending process and resources can help your district achieve the Best Practices and be eligible for GFOA's annual budget awards.

School districts are constantly being asked to do more — improve student learning — with the same or fewer resources. Standards are rising. Technology is evolving rapidly. Requirements for teachers are becoming more rigorous, and their need for effective feedback and development is greater than ever. District leaders, confronting these pressures, know that their ability to succeed goes only as far as their ability to find resources to support their goals.

Smarter School Spending for Student Success is an educational movement started by districts and for districts to help increase student achievement during these times of both greater expectations and greater budget constraints. It introduces a new way of aligning resources (people, time, and money) with your district's student achievement goals. SmarterSchoolSpending.org provides districts with free processes and tools to carry out the Smarter School Spending effort out in your district, plus connections to technical assistance providers and an online community to provide districts with support each step of the way.

The Smarter School Spending process and tools were developed directly from the work done in four demonstration districts and were informed by leading researchers in the field of education. The Parthenon Group and KSA-Plus Communications coordinated the creation of SmarterSchoolSpending.org with extensive support from Fayette County Public Schools (KY), Knox County Schools (TN), Lake County Schools (FL), Rochester City School District (NY), the Boston Consulting Group, the District Management Council, and McKinsey & Company.

Smarter School Spending is about more than just your district's finances. It is a system wide effort to change the way that your district does business. It will allow your district to identify its priorities for improving student achievement, pay for those priorities, and engage the community each step of the way.

Districts that go through the process will produce a strategic finance plan for the next three to five years, an easy-to-understand annual budget document, a stakeholder engagement plan, a plan to continue the work for years to come, and most important, a district wide culture that prioritizes the smart and strategic use of resources aligned to student achievement outcomes.

At the conclusion of this session school business officials will have a better understanding of the budgeting best practices being developed and shared nationwide.

The topics covered in this presentation are important to school district business officials, timely, and provide in depth information on the topics covered. This presentation will cover the best practices that have been developed and shared nationwide in depth. Treasurers and School Business Officials will leave this session with a greater understanding of the value of implementing this approach to school district budgeting.

Course Material

N/A

Scott Gooding, Treasurer/CFO, Gahanna-Jefferson Public Schools

[email protected]
160 S. Hamilton Road
Gahanna, OH 43230
Phone: 614-478-5530

Scott is the Treasurer/CFO for Gahanna-Jefferson Public Schools.

Scott has been in the school finance business for 25 years. He has previously served as Treasurer/CFO at Fairbanks Local Schools, Fairfield City Schools and Westerville City Schools. He also served as the Director of Fiscal Services at the ESC of Central Ohio and the Executive Director of Finance/Budget at Columbus City Schools. Scott belongs to several professional organizations, served on numerous statewide committees, presented at state and national conferences, and was a member of the Government Finance Officers Association Alliance for Excellence in School Budgeting.

He holds a Bachelor of Science degree in Mathematics from Otterbein University and a Masters of Education from Ashland University.

Ryan Stechschulte, Treasurer/ CFO, Toledo City School District

[email protected]
1609 N. Summit, Treasurer Office
Treasurer Office
Toledo, OH 43604
Phone: 419-671-0530

Ryan Stechschulte has been the Treasurer/Chief Fiscal Officer of the Toledo City School District since July 2015. Mr. Stechschulte has more than 20 years of experience in the fiscal management of Ohio public schools. Mr. Stechschulte has held the position of Treasurer/Chief Financial Officer for Lima City Schools in Allen County, Ottawa Hills Local School District in Lucas County, Patrick Henry Local School District in Henry County, and the Ada Exempted Village Local School District in Hardin County. Mr. Stechschulte is a past president of the Ohio Association of School Business Officials and has held numerous leadership positions within the Northwest Region of the Ohio Association of School Business Officials. Mr. Stechschulte previously served as an auditor for the State of Ohio.

Jenni Logan, Treasurer/CFO, Lakota Local SD

[email protected]
5572 Princeton Road
Liberty Township, OH 45011
Phone: (513) 644-1180 Ex. 22009

Jenni Logan is the Treasurer/CFO of the Lakota Local School District in Butler County. She has held this position since January of 2011. Prior to that she was a Director in the Public Finance Department of Robert W. Baird & Co. Ms. Logan has over 20 years of experience serving school districts in Ohio, which include an ESC, JVSD, CSD, LSD and an EVSD. She has been involved with several state committees for OASBO and served the organization as its state president in 2005-06. Lakota Local School District is a member of the Alliance for Excellence in School Budgeting.

Course Details: Presenting Complex Financial Information & Creating Understanding

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

An effective presentation of financial data to boards of education and other stakeholders is essential to sound financial management and public policy decisions. This session will focus on the very real presentation challenges facing today’s school district treasurer and will offer sound examples to use at their own district. Examples that will be discussed include:

“Dealing with negotiations and a cash balance.”
“Confronting complex local levies and state revenue interaction in a way that addresses bias.”
The seminar will include tips for making sense of complex information for both the ‘lay’ person and the financially informed. As a result of effective communication of the complex the CFO will improve understanding and financial strategies and policy decision making.

This presentation will discuss the very topics that can lead to greater financial stability and informed public policy decision-making.

Course Material

N/A

Katie Henes, Treasurer, north olmsted city schools

[email protected]
26669 butternut ridge rd
north olmsted, OH 44070
Phone: 440-221-4167

Katie Henes is the Treasurer for North Olmsted City Schools. She was with Avon Local Schools from August, 2015 to December 2019. Prior to joining Avon Local, Ms. Henes was the Treasurer for Elyria City SD from 2004 - 2015, having started at Elyria as the Assistant Treasurer in 2004. Previously Ms. Henes served several other school districts, including Ashland City SD as Assistant Treasurer, Olmsted Falls City SD as the treasurer's assistant and Clearview Local SD as an intern and doing college work.

Ms. Henes did her undergraduate work in accounting and finance, and earned her school treasurer licenses with courses through Ashland University. She has an MBA from Mount Vernon Nazarene.

Ernie Strawser, Consultant, Public Finance Resources, Inc.

[email protected]
2132 Williams Ave
Norwood, OH 45212
Phone: (740) 412-3498

Ernie Strawser, Consultant, provides direct services to public finance clients. He has over 30 years of public finance experience as a CFO, consultant, and developer and instructor of financial forecasting techniques and tools which have been used by over two hundred Ohio school district CFOs. Ernie works with clients to facilitate their understanding of local financial results, trends, and strategies. He holds both a Master’s of Science in Administration from Central Michigan University and a Bachelor of Science in Finance from Ohio University.

Course Details: Municipal Bond Market - Regulatory Update and Best Practices

Course Description and Learning Objectives

Target Audiences: School Districts

Category: Public Finance

The financial meltdown of 2008 caused Congress to enact the Dodd Frank Wall Street Reform and Consumer Protection Act that has now become known to have a direct impact public finance offers, including school treasurers. Issuers of municipal debt are now obligated to make annual information disclosures regarding outstanding debt issues that if not properly handled could cause unfavorable actions to be taken against the school district and its treasurer.

Dodd Frank also placed new regulatory requirements on municipal advisor, bond underwriters and bond attorneys that are important for school treasurers and their staffs to understand as the go forward with new debt issuances and the management of existing outstanding debt. A thorough explanation of the regulatory requirements and how they impact school treasurers will be addressed by this presentation as well as a discuss of best practices to remain in compliance with the regulations.

The objective of this presentation is to inform school treasurers and business officials about the new SEC regulations and provide updates that have occurred over the past 12 months, including how the to adhere to regulations in practice

The participants will gain an understanding of the regulations and how the new rules will impact school officials' activities surrounding the planning and issuance of municipal bonds. Participant will also be provided a list of best practices in debt management that comply with the new regulations including a discussion of GFOA and other best practices for the industry.

Course Material

N/A

Michael G. Sudsina, Managing Partner, Sudsina & Associates, LLC

[email protected]
PO Box 230
Vermillion, OH 44089
Phone: (216) 215-7753

Mr. Sudsina, CEO of Sudsina & Associates, LLC, provides financial advisory and deal structuring services, plays an active role in the preparation of official statements for clients and regularly prepares issuers for credit rating presentations. His most critical role, however, is providing pricing and structuring oversight to ensure on-market pricing with the most flexible terms for clients' financings. He has served as financial advisor or lead banker to nearly 50 cities, counties, schools and special districts in Ohio and Pennsylvania. Overall, he has participated in more than 300 financings amounting to over $3 billion in par value.

Mike is one of only two Certified Independent Public Financial Advisors in the State of Ohio, a certification bestowed upon only highly qualified professionals by the National Association of Independent Public Financial Advisors (NAIPFA). He has published articles on the topic of municipal finance and lectured to numerous academic and professional organizations. He has served on the Debt Policy Committee of the Association of Public Treasurers of the U.S. and Canada, is a member of that organization of of the Government Finance Officers Association, the Cleveland Chapter of the Municipal Finance Officers Association, the Association of School Business Officials and Sudsina & Associates is a firm member of NAIPFA. Mike has served on NAIPFA's Board of Directors and currently serves as the organizations Treasurer.

Mr. Sudsina formed Sudsina & Associates in 2002, after 10 years with A.G. Edwards' Cleveland Public Finance group and as head of Fifth Third Securities Cleveland Public Finance practice. Prior to his investment banking career, he held positions with Price Waterhouse, the City of Cleveland's Finance and Economic Development Departments and the firm of Deloitte & Touche. He received his B.S. in Business Administration from The Ohio State University and MBA, with a concentration in finance, from Cleveland State University, holds a CPA certificate and has passed a variety of securities exams.

Steve Szanto, Managing Director, Sudsina & Associates. LLC

[email protected]
PO Box 230
Vermilion, OH 44089
Phone: (440) 773-5090

Mr. Szanto has over 40 years of experience in municipal and regional government and public finance. He has acted as Municipal Advisor or Senior Managing Investment Banker for hundreds of clients raising over $30 billion in tax-exempt obligations since 1981. Stephen is proactive in rating agency, rating agency surveillance and insurance company presentations for his clients. He has been involved with many rating agency upgrades. Stephen has served as Municipal Advisor since 2000 for all types of issuers. As such, he provides oversight on all aspects on both competitive and negotiated underwritings. Mr. Szanto is certified by and serves on various committees of the National Association of Municipal Advisors.

Greg Van Wagnen, Senior Advisor, Sudsina & Associates, LLC

[email protected]
PO Box 230
Vermillion, OH 44089
Phone: (440) 320-7656

Mr. Van Wagnen provides analytical support for all clients including debt service structuring, actively assisting in the preparation of official statements and credit rating presentation and market research in advance of pricing and post-pricing.

Prior to joining Sudsina & Associates Greg worked in various roles at JP Morgan Chase. There he ran the technology aspect of their Wealth Management trading desk. He has also served as a risk management analyst for the JP Morgan Institutional Bond department where corporate client accounts ranged from $100 million to $12 billion. He has spent time in multiple equity research roles in Columbus and Chicago and in a more analytical role he researched trading slippage costs of different brokers. Between undergraduate and graduate school Greg worked as an accountant for JP Morgan Chase’s mortgage department.

Greg received a Bachelor of Science in Business Administration, Finance, and Economics from The Ohio State University and went on to attain a Master of Finance degree, also at OSU. He is continuing his education in the Chartered Financial Analyst program and is planning to sit for the MSRB’s Series 50 exam. Before attending college Greg worked at his family’s Cleveland based school bus and coach bus company running their payroll department and filling their general accounting needs. Greg has also has passed the new Series 50 Pilot Exam for Municipal Advisors.

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